The GBP is increasing the trading risk

When you have been trading for some time, inevitably you open accounts with different brokers. You read about a promotion, a nice salesman calls you, a broker is playing with your account and you decide to stop trading with him. Those brokers have your email and from time to time they inform you about a variety of subjects. Yesterday I got an email from one of those brokers (that I do not use anymore) that as of Monday the margin for GBP pairs is going to double. They even added a small chart explaining the calculation. So this particular broker does not want to risk trading the GBP and doubles the security measures. I do not know if other brokers will follow his example but if things get too volatile we might see other brokers issuing similar notices. I have to admit that I do t remember similar situations for a specific currency and for such a long period of time. Some brokers might ask for extra margin when important events are going to take place over a weekend or a holiday period, but increasing the margin for all GBP pairs for 1 month is the first time for me.
The GBP was again the winner of the week with 178 pips (according to my statistic tool) but this gain was weaker compared to the 284 from the week before. I strongly believe the GBP strength is the result of manipulation in order to embellish the GBP picture and soon after the referendum (the result is indifferent) it will fall. Despite the up moves the pairs remain in “acceptable” ranges.
Two pairs will be on my focus this week. The Eur/Usd and the Usd/Cad for short trades. It looks contradictory since in the first case the Usd is expected to get stronger and in the second case weaker. Well not exactly, it is the Eur that is weaker than the Usd and in case we have an increase in Oil price, the Cad will be stronger than the Usd and drag the Usd/Cad lower.
Two more pairs could be traded for smaller profits. The Eur/Jpy short and the Usd/Jpy long. It looks again contradictory but it is based on Usd strength against the Euro weakness. Everything in forex is correlated to a certain degree. A potential intervention from the BOJ will push both pairs higher so keep your Eur/Jpy stops tight and aim for small profits only.
I am avoiding the GBP pairs and the AUD pairs since, IMHO, it looks like the second one is deliberately losing strength to support the first one. Idem for the NZD. It is for a reason Queen Elisabeth’s picture is on the AUD and NZD dollar notes.
Monday will be quiet with bank holidays in GB and US, on Thursday Euro interest rate with the inevitable speech and an OPEC meeting that could affect Oil price and finally Friday is NFP day so, expect some movement.